Small increases in gross revenue and profits per equity partner (PPP) brought Stevens & Lee to all-time highs in those categories for 2012. The Reading, Pa.-based firm grew its gross revenue 1.3 percent from $113 million in 2011 to $114.5 million in 2012. Revenue per lawyer (RPL) stayed about flat, moving from $680,000 to $685,000, and PPP rose 1 percent from $1.01 million to $1.02 million.
Stevens & Lee was able to boost PPP despite seeing a 2.6 percent drop in net income to $55.5 million because of the rise in gross revenue coupled with the decrease in equity partners from 56 in 2011 to 54 in 2012.
